Marintec China exhibition has grown by 14% since its last edition to cover 80,000 sq m with over 2,000 exhibiting companies from 34 countries defying the talk of a slowdown in China and its hard-hit shipyards. The two years since the…
The Cape Breton community is celebrating after the last scraps of a rusting shipwreck were finally hauled from the shores of Scatarie Island. Nova Scotia Lands has been overseeing the cleanup work removing the final remnants of the ill-fated MV Miner from Scatarie Island off Cape Breton…
Shipping could be responsible for 17% of global CO2 emissions in 2050 if left unregulated, according to a new scientific study conducted by European Parliament Directorate General for Internal Policies. Any agreement at the Paris Climate…
It’s now more than a year since the tanker market took off. In mid-2014 tanker earnings picked up and since then have been in the $30-$40,000/day range, says a Clarksons study. But the market remains nervous. This tanker pick-up coincided with a slump in dry bulk earnings…
The Sustainable Shipping Initiative (SSI) is stepping up pressure on the shipping industry ahead of the COP21 Climate Change Conference in Paris, says The Chamber of Shipping of British Columbia. SSI want the IMO to support the UNFCCC global…
Transparency Market Research launched its latest study on the global bunker fuel market, in terms of revenue and volume. The report predicts that the global bunker fuel market is likely to reach an estimated volume of 460 million tons by 2020…
Kuwait on Sunday appointed Anas al-Saleh as acting oil minister in addition to his roles as finance minister and deputy prime minister, state news agency KUNA reported.KUNA did not say why Ali al-Omair was leaving the oil minister post…
World leaders are 'quite close' to reaching a deal to fight climate change when they meet in Paris from Monday, Latvian President Raimonds Vejonis, Europe's first Green party head of state, said, adding any deal should be legally binding…
Germany's chancellor gave a qualified welcome on Saturday to China's pledge to tackle rising temperatures ahead of a global climate conference but she called for more ambitious goals to cut greenhouse emissions.In her weekly internet podcast on Saturday…
The bill is to form the basis of a maritime planning act intended to promote economic growth and development of sea areas. The Danish Maritime Authority is to head the work.The bill on maritime planning gives the guidelines for the drawing up of a holistic marine plan for Denmark's sea areas…
On November 20, 2015 the Severneftegazprom Board of Directors made a decision to appoint Vladimir Dmitruk as the company's Director General starting from November 23, 2015. His appointment is expected to boost the activities of Severneftegazprom which is mainly focused on natural gas production…
Becker Marine Systems USA continues growth in North America.Becker Marine Systems, the leader in rudder technology and the inventor of the Becker Mewis Duct Energy-Saving Device has added Brian Rhoades and Adam Wood to their USA staff…
A Panamanian cargo vessel MV Fortune Life sank off the coast 130 nautical off Vigan City in Ilocos Sur, Philippine Coast Guard (PCG), uthorities said. The Coast Guard received a distress signal from Hong Kong about the maritime incident…
Pirates operating off the coast of Nigeria have taken hostage five Polish sailors, including the captain and officers, from the Polish general cargo ship Szafir. The ship was headed to the port of Onne in Nigeria from Antwerp, when the armed pirates struck…
The Assembly of the International Maritime Organization has elected the following States to be Members of its Council for the 2014-2015 biennium: Category (a) 10 States with the largest interest in providing international shipping services: China…